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senators reid and mcconnell talking past each other. sounds like we're not exactly close to a fiscal cliff resolution at this point. >> yeah. what does it all mean for wall street? will it be an ugly day? michael guyette from pension partners and michael farr from farr miller in washington and our very own rick santelli. michael, i'll get to you in a minute. the markets moved up and closed marginally in the red on the news the house will reconvene on sunday night. i get the feeling that all of that back and forth between senators reid and mcconnell, had that come out during market hours, the market would have reacted very differently. so far apart. i didn't hear anything in the way of compromise there. >> even before of the house meeting, marks were down 1.2%. that's noise but not really a panic. the result of the fiscal cliff here is not risk off. it's risk protation into those areas of the investable landscape. look at emerging markets, lock at europe. they are decoupling. if anything, price is still very bull ir. i would rather liste
senators reid and mcconnell talking past each other. sounds like we're not exactly close to a fiscal cliff resolution at this point. >> yeah. what does it all mean for wall street? will it be an ugly day? michael guyette from pension partners and michael farr from farr miller in washington and our very own rick santelli. michael, i'll get to you in a minute. the markets moved up and closed marginally in the red on the news the house will reconvene on sunday night. i get the feeling that...
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Dec 27, 2012
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we may still hear from mitch mcconnell. see if we can get a hint of his expectations for the possibility of any deal, and we'll come back with a community as well. stick arns. i got mine in iraq, 2003. usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection, and because usaa's commitment to serve the military, veterans and their families is without equal. begin your legacy, get an auto insurance quote. usaa. we know what it means to serve. [ rosa ] i'm rosa and i quit smoking with chantix. when the doctor told me that i could smoke for the first week... i'm like...yeah, ok... little did i know that one week later i wasn't smoking. [ male announcer ] along with support, chantix is proven to help people quit smoking. it reduces the urge to smoke. some people had changes in behavior, thinking or mood, hostility, agitation, depressed mood and suicidal thoughts or actions while taking or after stopping chantix. if you notice any of these stop taking chantix and cal
we may still hear from mitch mcconnell. see if we can get a hint of his expectations for the possibility of any deal, and we'll come back with a community as well. stick arns. i got mine in iraq, 2003. usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection, and because usaa's commitment to serve the military, veterans and their families is without equal. begin your legacy, get an auto insurance quote. usaa. we know what it means...
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Dec 29, 2012
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senator mcconnell got less than a million, 954,000 and senator reid, 363,000. a man whos had got 65 million votes has handed off the leadership of this key issue to two men combined who haven't gotten even 1.5 million votes. they represent fewer than 1.5 million people in america and he's seated leadershceded leade. why? >> obama has all of the power right now. the president had a meeting with congressional leaders and he knows at the end of the day what he wants that 250 threshold unemployment insurance extension, he's going to probably get it. he's going on "meet the press" first time he's going on in three years to put his foot on the republicans and senate republicans to say as this deadline approaches what will you do? will you prevent a small extension of tax rate increases. i'm offering you 250. are you going to take it or leave it. that's hard ball politics. that's what obama is doing now. he's not ceding power. he's letting them haggle over the threshold and he's ending this argument and this debate. >> all right, gentlemen. good discussion. great to h
senator mcconnell got less than a million, 954,000 and senator reid, 363,000. a man whos had got 65 million votes has handed off the leadership of this key issue to two men combined who haven't gotten even 1.5 million votes. they represent fewer than 1.5 million people in america and he's seated leadershceded leade. why? >> obama has all of the power right now. the president had a meeting with congressional leaders and he knows at the end of the day what he wants that 250 threshold...
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Dec 28, 2012
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it is very clear that boehner and mitch mcconnell have made clear, if the president wants a dollar of debt ceiling increase, we need to cut spending a dollar, and that goes for $1 trillion because the president is going to want a trillion dollar debt ceiling increase because of the debt he's running up. that kind of spending restraint is exactly the kind of thing we need to do in the future for any debt ceiling increase period. >> okay. and as you see there, bob corker will join "the squawk pox" gang on monday morning. grover, always good to see you, thank you. >> thank you very much. >> president obama, congressional leaders meeting at the white house to avoid the fiscal cliff. we'll bring you the latest developments on that any minute now. >> also, we'll check up on health care, one of the year's best performing sectors. we'll find out if it's going to run out of steam in the new year and name some names for you coming up. >> and later on, big sky, big jump in estate taxes if congress fails to reach a deal on the cliff. we'll talk to a montana rancher who is pretty upset. coming up,
it is very clear that boehner and mitch mcconnell have made clear, if the president wants a dollar of debt ceiling increase, we need to cut spending a dollar, and that goes for $1 trillion because the president is going to want a trillion dollar debt ceiling increase because of the debt he's running up. that kind of spending restraint is exactly the kind of thing we need to do in the future for any debt ceiling increase period. >> okay. and as you see there, bob corker will join "the...
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Dec 27, 2012
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the republican leader, mitch mcconnell, really put the blame on democrats, but he did seem to indicate that there may be further negotiations that are ongoing here, possibly even as we speak. take a listen to mitch mcconnell earlier this afternoon. >> the truth is, we're coming up against a hard deadline here and as i said, this is a conversation we should have had months ago. and republicans aren't about to write a blank check for anything senate democrats put forward, just because we find ourselves at the edge of the cliff. >> so mcconnell there very much sounding in his remarks today like a man who was expecting a new offer, something from the president of the united states. what we know about the president is that he cut short his hawaii vacation, arriving in d.c. earlier today. and we're not aware of new developments from the president, but mcconnell seemed to telegraph that the president called him yesterday and now expecting that the president would make him some sort of offer at some point in the future. we haven't seen that yet. so, this story continues, melissa. >> so, it sou
the republican leader, mitch mcconnell, really put the blame on democrats, but he did seem to indicate that there may be further negotiations that are ongoing here, possibly even as we speak. take a listen to mitch mcconnell earlier this afternoon. >> the truth is, we're coming up against a hard deadline here and as i said, this is a conversation we should have had months ago. and republicans aren't about to write a blank check for anything senate democrats put forward, just because we...
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Dec 26, 2012
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no signs of progress and the republican leadership aide in the senate, mitch mcconnell is going to be crucial to a potential last minute breakthrough. we haven't heard anything from the democrats. so at this moment, we're at a stalemate but things can come together quickly if people start to get desperate and politicians start to worry that they will get blamed for a very adverse reaction in the markets and the economy generally. >> some people i've talked to today suggested the mere fact the president is coming back from hawaii early on suggests good tidings. >> well, i think it suggests the president wants to be working on this problem and be seen as working on this problem, but it's only partially up to him. he's got to get the acquiescence of republicans and a temporary extension of tax cuts for people under $250,000. their acquiescence to turn off the sequester to avoid the automatic budget cuts are up to mitch mcconnell in part and also up to john boehner who may be asked before it's over to put on the floor of the house a bill that lacks support of the majority of his own membe
no signs of progress and the republican leadership aide in the senate, mitch mcconnell is going to be crucial to a potential last minute breakthrough. we haven't heard anything from the democrats. so at this moment, we're at a stalemate but things can come together quickly if people start to get desperate and politicians start to worry that they will get blamed for a very adverse reaction in the markets and the economy generally. >> some people i've talked to today suggested the mere fact...
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Dec 28, 2012
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the president, speaker boehner, harry reid, nancy pelosi, mitch mcconnell will all be there. this could be the beginning of a real endgame for the fiscal cliff conflict. we will keep you updated on any new developments tonight and throughout the day tomorrow on cnbc. >>> now the american psychiatric association says it is okay to give antidepressants to people who are grieving over a recently lost loved one. again, these people are not diagnosed with clinical depression. these are people who have suffered a real loss. can a pill really help you with that? here now is beverly hills psychiatrist dr. carol lieberman. is this a good idea? >> thank you. the whole mental health system is actually falling apart and it goes beyond bereavement and depression. actually, bereavement has a lot of similarities to major depression or at least in some people's cases. the depression comes from loss. so whether it's the loss of a job or a loss of a relationship or a loss of a loved one there really are similar symptoms like a sense of sadness like loss of interest or pleasure in activities th
the president, speaker boehner, harry reid, nancy pelosi, mitch mcconnell will all be there. this could be the beginning of a real endgame for the fiscal cliff conflict. we will keep you updated on any new developments tonight and throughout the day tomorrow on cnbc. >>> now the american psychiatric association says it is okay to give antidepressants to people who are grieving over a recently lost loved one. again, these people are not diagnosed with clinical depression. these are...
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Dec 27, 2012
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the question becomes is what is it and does mcconnell, senate minority leader actually let senator reid get a bill off the floor of the united states senate and -- by the end of the week or saturday or sunday. if that's the case, that's fine. guess what. it doesn't matter what the senate comes up with. the house is still not going to pass it. john boehner can't. he just can't pass a bill off his floor with a majority democrats and 20 republicans. >> the house already voted to extend all of the bush tax cuts. >> and the senate -- >> house leaders are right to say the ball is in the senate's court. until they act we can't know -- what kind of deal we come up with. >> the ball is always in the senate's court. that's how it works. >> you are both argue being process. here is what i don't understand. i stay to democrats that come on, what p the republicans voted to extend taxes on everybody that you want, would you means test social security and medicare? the vast majority say oh, no, no, no, no. >> not this democrat. i would absolutely support it. >> unfortunately you are not in congress. >
the question becomes is what is it and does mcconnell, senate minority leader actually let senator reid get a bill off the floor of the united states senate and -- by the end of the week or saturday or sunday. if that's the case, that's fine. guess what. it doesn't matter what the senate comes up with. the house is still not going to pass it. john boehner can't. he just can't pass a bill off his floor with a majority democrats and 20 republicans. >> the house already voted to extend all...
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Dec 28, 2012
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>> i think if they made progress at the meeting today and if mitch mcconnell and john boehner decide to take the risk of t advancing this with their members they could vote sunday or monday and it is possible to get done before january first. nobody is betting on this at this point and everybody's omt michel has been sorely tested by the lack of movement over the last week or so but just in the last few hours there is some movement toward the possibility of the deal. >> thanks so much for the very latest there john down in d.c. for us watching the action there. stocks moved off their lows on news of the new offer for the president. we're still setting up for the biggest weekly loss for the stock market in some six weeks. we're trading today with the najarian brothers, mike murphy, and steven wieis. we are moving closer to a deal according to john harwood's reporting. what do you do with the market today? >> i don't think you do anything based on those headlines. where you want to continue to be is high quality names and ride it out. if you see prices come your way in specific stocks
>> i think if they made progress at the meeting today and if mitch mcconnell and john boehner decide to take the risk of t advancing this with their members they could vote sunday or monday and it is possible to get done before january first. nobody is betting on this at this point and everybody's omt michel has been sorely tested by the lack of movement over the last week or so but just in the last few hours there is some movement toward the possibility of the deal. >> thanks so...
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where we are awaiting boehner, pelosi, reid, mcconnell. all the major players to go into the white house, meet with the president, try to get a fiscal deal done. that meeting, 3:00 p.m. eastern time, in other words, in about eight minutes from now. any headline that comes out of it, you will hear first right here on the worldwide leader in business news. all right. let's forget theory for a moment and find out how the cliff may impact real businesses right here in america, so let's reconvene our "street signs" small business all-star panel. joining us president and owner of maria's italian kitchen and a new face to cnbc, david martin from h.j. martin & son in green bay who i met when i walked into his family store this summer and got a tour of the place. david, thank you very much for joining us. madeline, first, are you worried? are you customers going to stop eating at maria's if we go over the fiscal cliff? >> i don't know, brian. i've got my parachute packed. how about you? >> pasta parachute? that's terrible, sorry. >> full of lots of
where we are awaiting boehner, pelosi, reid, mcconnell. all the major players to go into the white house, meet with the president, try to get a fiscal deal done. that meeting, 3:00 p.m. eastern time, in other words, in about eight minutes from now. any headline that comes out of it, you will hear first right here on the worldwide leader in business news. all right. let's forget theory for a moment and find out how the cliff may impact real businesses right here in america, so let's reconvene...
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we need senator mcconnell to come to us to come with a package of what can be passed. what is the ultimate game plan, do you think, by deflecting the responsibility, essentially, for getting a deal done? >> what has been the case all along continues to be the case now, which is if there's any hope of a deal here, all the parties, all of them have to stand on the edge of this cliff, hold hands and jump off all together. that's the only way we will navigate this thing safely. what's happening now is that everybody is walk up to the edge individually and looking over and saying i don't want to do that i can't bring myself is to cast that vote. if they can all hold hands and do this together and avoid blaming each other then they can get a deal but it seems clear that what we are seeing in public now a reflection of behind-the-scenes negotiations that have broken down or at least hit some very serious impasse and we will not get a deal possibly by new year's eve and might have to deal with something after january and of course, after the election for the house speakership,
we need senator mcconnell to come to us to come with a package of what can be passed. what is the ultimate game plan, do you think, by deflecting the responsibility, essentially, for getting a deal done? >> what has been the case all along continues to be the case now, which is if there's any hope of a deal here, all the parties, all of them have to stand on the edge of this cliff, hold hands and jump off all together. that's the only way we will navigate this thing safely. what's...
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>> senator reed and senator mcconnell. the collapse of plan b probably made a deal more likely rather than less likely because it undercut the republican negotiating position, increased pressure on him to put something on the floor to pass with democratic votes as well as republican votes, but the first step has got to take place in the senate. democrats are theepg senator mcconnell either overtly or quietly by not trying to stop it in using all of the levers of power that the minority has in the senate will permit a temporary deal that would extend unemployment benefits, take care of the fix temporarily that would extend tax cuts for everybody under $250,000 temporarily and turn off the see quester, but we have to wait and see what happens when the president gets back tomorrow, when the senate gets back tomorrow and see if they can make some progress. if they can, the house can act pretty quickly. we haven't seen it yet. >> john, we've got to run, but procedurally if a trader is out there waiting to know if house members
>> senator reed and senator mcconnell. the collapse of plan b probably made a deal more likely rather than less likely because it undercut the republican negotiating position, increased pressure on him to put something on the floor to pass with democratic votes as well as republican votes, but the first step has got to take place in the senate. democrats are theepg senator mcconnell either overtly or quietly by not trying to stop it in using all of the levers of power that the minority...
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Dec 24, 2012
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what about senate minority leader mitch mcconnell? >> well, the thing at this point and i'm told by sources is that there are no negotiations going on between senator mitch mcconnell, the republican leader in the senate, and senator majority leader harry reid in hawaii for the funeral of daniel inouye and is now back to washington. it would come down to the senate doing something. senator mcconnell might allow this bill i mentioned that i already passed in july, was a threshold for tax hikes, being at the $250,000 level, he may allow democrats to say, the house has to take this, or if there is some sort of vote on another measure, while mitch mcconnell would be unlikely to support it, perhaps he might let some of his republican senators do that, now, this is sort of thinking, coming from democrats, this is not something that mitch mcconnell at this point is planning to do, and it's very much unclear. the fact is, it doesn't just matter what the senate does, don, the house would have to pass something. and whatever were to come out of
what about senate minority leader mitch mcconnell? >> well, the thing at this point and i'm told by sources is that there are no negotiations going on between senator mitch mcconnell, the republican leader in the senate, and senator majority leader harry reid in hawaii for the funeral of daniel inouye and is now back to washington. it would come down to the senate doing something. senator mcconnell might allow this bill i mentioned that i already passed in july, was a threshold for tax...
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Dec 28, 2012
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the hope for any deal before january 1st is that somehow minority leader mitch mcconnell could convince his troops, convince the republicans not to block it with a filibuster. each individual senator makes up their own mind, each senator has the right to stage a filibuster. so that's not something he can control entirely. a bigger issue, though, i have to edadmit, when you look at senator mcconnell and why he's so important right now is that he needs to bring some republicans on board this deal for a couple reasons. first, they need those republican votes to get anything through the senate. and then second of all, speaker boehner needs some cover, he needs some way to convince republicans in the house that they should pass this deal. conservatives are putting pressure on all sides and republicans in the house want to be to say conservativings in the senate supported this. i can too for the good of the country even though i don't like it. these are the dynamics in play. a lot of politics, a lot at stake. and this is why all focus is on senator mcconnell because he can bring so much to th
the hope for any deal before january 1st is that somehow minority leader mitch mcconnell could convince his troops, convince the republicans not to block it with a filibuster. each individual senator makes up their own mind, each senator has the right to stage a filibuster. so that's not something he can control entirely. a bigger issue, though, i have to edadmit, when you look at senator mcconnell and why he's so important right now is that he needs to bring some republicans on board this deal...
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Dec 22, 2012
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so house republicans have kind of abdicated their role in this to the senate minority leader mitch mcconnell. if perhaps he could get on board with something with democrats in the senate to move along, presumably that might be able to be pushed through the house. the house republicans at least some of them, would have to vote on that in order to pass it so they have some i guess influence in that regard, but really they've given away a lot of their -- almost all of their influence on what this package can ultimately look like. >> oh, dear, i'm not smelling a lot of hope. aloha. thank you very much, brianna keilar. >>> it's a wintry mess for much of the country today as americans gear up for holiday travel. this midwest blizzard is now ripping across the northeast. most of the problems are from high winds as high as 40 miles per hour. aaa predicts some 93 million americans will travel between now and new year's. but if the roads look anything like this, you may want to stay home. >>> alexander steele is in the cnn weather center. what's the latest on the storm? >> this holiday has been fraugh
so house republicans have kind of abdicated their role in this to the senate minority leader mitch mcconnell. if perhaps he could get on board with something with democrats in the senate to move along, presumably that might be able to be pushed through the house. the house republicans at least some of them, would have to vote on that in order to pass it so they have some i guess influence in that regard, but really they've given away a lot of their -- almost all of their influence on what this...
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people should simmer down a little bit. >> we need to go to mitch mcconnell who is speaking. let's take a look. >> a bipartisan agreement literally for months. a plan that would simplify the tax code, shrink the deficit, protect the taxpayers, and grow the economy. but democrats consistently rejected those offers. the president chose, instead, to spend his time on the campaign trail. this was even after he got re-elected. and congressional democrats sat on their hands. now, republicans have bent over backwards. we stepped way, way out of our comfort zone. we wanted an agreement. but we had no takers. the phone never rang and so now here we are five days from the new year and we might finally start talking. democrats have had an entire year to put forward a balanced bipartisan proposal. and if they had something to fit the bill, i'm sure the majority leader would have been able to deliver the votes the president would have needed to pass it here in the senate. and weapon wouldn't be in this
people should simmer down a little bit. >> we need to go to mitch mcconnell who is speaking. let's take a look. >> a bipartisan agreement literally for months. a plan that would simplify the tax code, shrink the deficit, protect the taxpayers, and grow the economy. but democrats consistently rejected those offers. the president chose, instead, to spend his time on the campaign trail. this was even after he got re-elected. and congressional democrats sat on their hands. now,...
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Dec 23, 2012
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and it seems that unlikely that senate minority leader mitch mcconnell would want to negotiating? that he doesn't feel will be able to also pass the house, which would require the support of some house republicans and that's part of the reason why this is such a difficult task and it has really been thrown into question whether or not the country is going over the fiscal cliff. the senate will reconvene, it is on xenlg actual reconvene september 27th that is on thursday. and i think the expectation is that at some point, president obama would go back to washington, especially if there's this possibility that the country goes off of the fiscal cliff. he wouldn't obviously want to be here in hawaii when that happens, miguel. >> just sounds like it is a very complicated game of chicken. the president is attending a very somber event today. the body of hawaii senator daniel inouye is being interred. what can you say about the ceremony? >> reporter: this is the national cemetery of the pacific, referred here in honolulu as the punch bowl. this is a cemetery where a number of people who
and it seems that unlikely that senate minority leader mitch mcconnell would want to negotiating? that he doesn't feel will be able to also pass the house, which would require the support of some house republicans and that's part of the reason why this is such a difficult task and it has really been thrown into question whether or not the country is going over the fiscal cliff. the senate will reconvene, it is on xenlg actual reconvene september 27th that is on thursday. and i think the...
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the only thing that would prevent it is if senator mcconnell and speaker boehner don't cooperate. this is from the white house yesterday. do you believe that to be the case? >> no, i don't believe that to be the case. listen, a year ago august when the president was negotiating with the speaker, they were very close to the big deal that needs to be struck. and this isn't a one party or a one house problem. this is leaders of both parties and all branches of the government are not willing to make the deal that they know they have to make, and everybody wants their stuff but doesn't want to give up, you know, what they don't want to give up. >> you know, we're showing pictures right now of john boehner and president obama. john boehner from your state of ohio. there are a lot of people that say if the deal were between these two guys, it would be made. the problem is john boehner can't agree to something with president obama and then take it back to his own party. >> well, and vice versa. a year ago august the president couldn't agree to the deal he needed another $400 billion in re
the only thing that would prevent it is if senator mcconnell and speaker boehner don't cooperate. this is from the white house yesterday. do you believe that to be the case? >> no, i don't believe that to be the case. listen, a year ago august when the president was negotiating with the speaker, they were very close to the big deal that needs to be struck. and this isn't a one party or a one house problem. this is leaders of both parties and all branches of the government are not willing...
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reid and mcconnell, they really are the focus in the senate. in the house, it's speaker john boehner. i've got to ask you, is his job on the line if republicans balk at any deal that's reached? >> no, not at all. speaker boehner is extremely strong. his conferences support him and knows that he's been in a tough position trying to negotiate the fiscal deal with the president. he's been doing this for weeks, month, working on this deal. and you know, they gave it a shot. they tried their best. the house, you know, house republicans wouldn't go for it. and said, you know, it's up to the senate. and once -- if the senate passes something, the house now will consider it. so i -- i do think that the speaker is in a very strong position. and besides, this is a very difficult job. i don't see many republicans standing up and wanting to take speaker boehner on. not many other people could do the job like speaker boehner is. >> i agree. i see you saying that. think about it, he didn't look good when plan b couldn't go to a vote. how can he be strong in
reid and mcconnell, they really are the focus in the senate. in the house, it's speaker john boehner. i've got to ask you, is his job on the line if republicans balk at any deal that's reached? >> no, not at all. speaker boehner is extremely strong. his conferences support him and knows that he's been in a tough position trying to negotiate the fiscal deal with the president. he's been doing this for weeks, month, working on this deal. and you know, they gave it a shot. they tried their...
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it's not clear whether mitch mcconnell or other senators in the republican party will allow that to move forward. if something passes in the senate, i think it's likely that the house will follow suit. i think that takes the pressure off john boehner a little bit in terms of bringing something to the floor that his minions don't love. >> take care, drew. >>> two firefighters shot and wounded on christmas eve are improving and starting physical therapy. joseph hoffstetter and the other firefighter were shot after being called to a fire. we are starting to hear the 911 calls. >> multiple firemen down. multiple firemen shot. i am shot. i think it was an assault rifle. >> volunteers from other areas have stepped in to help the webster fire department. >> we're all family, yep, brothers and sisters. it will be a long time before this department gets over this. i understand, if they need us to come back and help out we'll be here. >> police say william spengler set the fire to lure the firefighters into a trap. he eventually killed himself. his sister was also found dead. >>> how does a small
it's not clear whether mitch mcconnell or other senators in the republican party will allow that to move forward. if something passes in the senate, i think it's likely that the house will follow suit. i think that takes the pressure off john boehner a little bit in terms of bringing something to the floor that his minions don't love. >> take care, drew. >>> two firefighters shot and wounded on christmas eve are improving and starting physical therapy. joseph hoffstetter and the...
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. >> reporter: senate republican leader mitch mcconnell said the next move needs to come from the president. >> he's the only one who can do it. this isn't john boehner's problem to solve. >> reporter: without a deal, steep tax hikes and massive government spending cuts are set to trigger after january 1. cnn, washington. >>> if there is a new ban on assault weapons, could that mean current gun owners would have to give their guns up? the answer may surprise you. th. i have a cold, and i took nyquil, but i'm still "stubbed" up. [ male announcer ] truth is, nyquil doesn't unstuff your nose. what? [ male announcer ] it doesn't have a decongestant. no way. [ male announcer ] sorry. alka-seltzer plus fights your worst cold symptoms plus has a fast acting decongestant to relieve your stuffy nose. [ sighs ] thanks! [ male announcer ] you're welcome. that's the cold truth! [ male announcer ] alka-seltzer plus. ♪ oh what a relief it is! ♪ [ male announcer ] to learn more about the cold truth and save $1 visit alka-seltzer on facebook. >>> many americans from the president on down are sick about
. >> reporter: senate republican leader mitch mcconnell said the next move needs to come from the president. >> he's the only one who can do it. this isn't john boehner's problem to solve. >> reporter: without a deal, steep tax hikes and massive government spending cuts are set to trigger after january 1. cnn, washington. >>> if there is a new ban on assault weapons, could that mean current gun owners would have to give their guns up? the answer may surprise you. th....
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Dec 23, 2012
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leader mitch mcconnell has guided our party and our conference through the past six years. he is a gifted leader and one that i have witnessed time and again has come up with strategies that have gotten things done in the right way. senator jon kyl and i have worked on immigration and death tax relief. senator lamar alexander and i have championed the america competes act so that we would continue the priity of scientific research and that we would never fail to invest in our future because it is the sequel for our economy. i am very pleased that the distguished ranking member of the judiciary committeend the finance committee, finance committee now and judiciary before, is also on the floor and has been a wonderful friend to me, helping me in my very first election when he was the rock star at my fund-raisers in texas. and i thank senator orrin hatch for his long leadership in ts body. and i have had the wonderful good fortune to serve with two colleagues from my home state. first, senator phil gramm, who was a wonderful mentor and colleague. they broke the mold after sena
leader mitch mcconnell has guided our party and our conference through the past six years. he is a gifted leader and one that i have witnessed time and again has come up with strategies that have gotten things done in the right way. senator jon kyl and i have worked on immigration and death tax relief. senator lamar alexander and i have championed the america competes act so that we would continue the priity of scientific research and that we would never fail to invest in our future because it...
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Dec 23, 2012
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finally, mitch mcconnell has stayed on offense. on the senate floor on friday he argued the democrats poisoned the well by declaring boehner's plan b dead on arrival. >> and he is up for reelection in 2014. by all polling, it looks like it will be a lot tougher. he also has a colleague in rand paul, who is a tea partier. you put all those factors together and it could be that mcconnell may have to step up because that is what you have to do to get some sort of deal at the moment, we have not seen that happen. host: from mark williams, what will be specifically affected in the economy if we go over the cliff? guest: instead of giving you my own numbers, let me use the congressional budget office estimates. if we go over the cliff, and if the clip stays in place for the whole year -- clef stays in place for the whole year, gdp will go into negative territory. that will push this into a short-term recession. economic growth below zero. unemployment will rise from current levels to about 9%. we will put in place the worst fiscal policy
finally, mitch mcconnell has stayed on offense. on the senate floor on friday he argued the democrats poisoned the well by declaring boehner's plan b dead on arrival. >> and he is up for reelection in 2014. by all polling, it looks like it will be a lot tougher. he also has a colleague in rand paul, who is a tea partier. you put all those factors together and it could be that mcconnell may have to step up because that is what you have to do to get some sort of deal at the moment, we have...
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Dec 25, 2012
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it is not clear whether mitch mcconnell wants to play a role because he has a campaign coming in 2014. for some people on the far right, the idea that mitch mcconnell would make a deal with obama could be acceptable. you have 10 or more republican senators who say they are willing to do business with president obama in terms of approving an increase in the marginal tax rates. if that is the case, if you could get them to pass some kind of bill and then send it on to the house, and all boehner said was i will allow a vote, and you have democrats and some republicans feeling pressure joining in, you could get a bill done. host: rick is from massachusetts on our independent line. caller: good morning. i have a problem with the president. he is the most divisive individual who has come to power in this country for a long time. he completely denied his white relatives and blames all the problems on white men by buying the votes of the lower earners in this country by saying it is not your fault. he promised to bring this country to gather. what happened? guest: i am surprised. upper income
it is not clear whether mitch mcconnell wants to play a role because he has a campaign coming in 2014. for some people on the far right, the idea that mitch mcconnell would make a deal with obama could be acceptable. you have 10 or more republican senators who say they are willing to do business with president obama in terms of approving an increase in the marginal tax rates. if that is the case, if you could get them to pass some kind of bill and then send it on to the house, and all boehner...
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Dec 27, 2012
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as for the senate minority leader mitch mcconnell, i think that is a good one. a lot has been made in the past few days about him taking a higher profile role in these negotiations. while i don't like prognosticating into the future, we can look at the past in some of the previous negotiations of congress and the kind of role he has played. almost all of these talks, whether it was about government shutdown in the spring of 2011 or the debt limit debate in the summer of 2011 or the payroll tax-cut debate last year, those negotiations started at a level between the president and speaker but always broke down at that level and that pushed to the senate where harry reid and mitch mcconnell had to figure something out and get enough votes for it so they could give some cover to the house republicans, who were joined by a large majority of house democrats to get something done. the idea that we have come to this state is not necessarily surprising. that it has taken us so long to get there has probably frustrated everyone who wanted to take a holiday break. if mitch
as for the senate minority leader mitch mcconnell, i think that is a good one. a lot has been made in the past few days about him taking a higher profile role in these negotiations. while i don't like prognosticating into the future, we can look at the past in some of the previous negotiations of congress and the kind of role he has played. almost all of these talks, whether it was about government shutdown in the spring of 2011 or the debt limit debate in the summer of 2011 or the payroll...
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Dec 27, 2012
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mcconnell: i'm going to proceed in my leader time. the presiding officer: the senator has that right. mr. mcconnell: madam president, you'll excuse me if i'm a little frustrated at the situation we find ourselves in, but last night president obama called myself and the speaker and maybe others from hawaii and asked if there was something weekend do to avoid the fiscal cliff. i say i'm a little frustrated because we've been asking the president and the democrats to work with us on a bipartisan agreement for months, literally for months. a plan that would simplify the tax code, shrink the deficit, protect the taxpayers, and grow the economy. but democrats consistently rejected those offers. the president chose instead to spend his time on the campaign trail. this was even after he got reelected. and congressional democrats sat on their hands. now republicans have bent over backwards. we stepped way, way out of our comfort zone. we wanted an agreement, but we had no takers. the phone never rang. and so now here we are five days from the
mcconnell: i'm going to proceed in my leader time. the presiding officer: the senator has that right. mr. mcconnell: madam president, you'll excuse me if i'm a little frustrated at the situation we find ourselves in, but last night president obama called myself and the speaker and maybe others from hawaii and asked if there was something weekend do to avoid the fiscal cliff. i say i'm a little frustrated because we've been asking the president and the democrats to work with us on a bipartisan...
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Dec 28, 2012
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remember, we have to have that first vote done in a timely way so that both senator reid and senator mcconnell can leave to have the designated meeting with president obama. mr. cochran: mr. president, let me join with the senator from maryland in commending all senators for the expeditious way we've been able to move this bill but particularly the chairwoman herself, who's provided strong leadership, capable leadership, fairness, a sense of fairness for all senators, and i thank her for the honor of serving with her on this committee. the presiding officer: under the previous order, the senate senatorses can attend the weekly caucus meetings. this morning they approve and extension of the farm intelligence v it allows the government to continue intercepting overseas communication. it extends legal immunity phone companies that help the government wiretap the domestic phone calls. president obama plans to sign the bill. when the senate is back we are expecting senators to continued work on the $60 billion hurricane sandy relief package. negotiations continue on avoiding the so-called fiscal cl
remember, we have to have that first vote done in a timely way so that both senator reid and senator mcconnell can leave to have the designated meeting with president obama. mr. cochran: mr. president, let me join with the senator from maryland in commending all senators for the expeditious way we've been able to move this bill but particularly the chairwoman herself, who's provided strong leadership, capable leadership, fairness, a sense of fairness for all senators, and i thank her for the...
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Dec 30, 2012
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>> i think if mcconnell is onboard he will bring a lot of republican votes. the democrats are by and large if the president supports it they will back their president. there could be enough votes in the house, speaker john boehner talked about amending that bill. i think if it gets a 70 to 30 senate vote i think i it get te votes in it the house to pass but it might not happen until after january 3, january 4. >> i want to ask you about what ed henry was just reporting. president obama says either a deal is reached or you vote on the short-term stop gap measure. if republicans fail to pass it i'm summarizing it's their fault. so the president kind of tossing the ball into the republican's camp, placing blame on them. in your opinion s that presidential leadership? >> the republicans have gone after the president that he has deferred to congress on this is that he was unable to strike a deal between -- with speaker boehner and now it is to reid and mcconnell. on one hand, obama is criticizing the congress but also giving them the responsibility to come up with
>> i think if mcconnell is onboard he will bring a lot of republican votes. the democrats are by and large if the president supports it they will back their president. there could be enough votes in the house, speaker john boehner talked about amending that bill. i think if it gets a 70 to 30 senate vote i think i it get te votes in it the house to pass but it might not happen until after january 3, january 4. >> i want to ask you about what ed henry was just reporting. president...
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senators reid and mcconnell are discussing potential agreement. where we get a bipartisan bill out of the senate. over to the house and done in a timely fashion. so that we met the december 31 deadline. given how things have been working in this town, we always have to wait and see until it happens. one thing the american people should not have to wait and see is some sort of action. if we don't see an agreement between the two leaders in the senate, i expect a bill to go on the floor and i asked senator reid to do this, put a bill on the floor that makes sure that taxes on middle class families don't go up, that unemployment insurance is still available for 2 million people. and that lays the groundwork for additional deficit reduction and economic growth steps we can take in the new year. let's not miss this deadline. that is the bare minimum we should be able to get done. it shouldn't that hard since democrats and republicans both say they don't want to see tax goes up on middle class families. i just to have to repeat. outside of washington, n
senators reid and mcconnell are discussing potential agreement. where we get a bipartisan bill out of the senate. over to the house and done in a timely fashion. so that we met the december 31 deadline. given how things have been working in this town, we always have to wait and see until it happens. one thing the american people should not have to wait and see is some sort of action. if we don't see an agreement between the two leaders in the senate, i expect a bill to go on the floor and i...
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Dec 22, 2012
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derek mcconnell and chris teen that dress ler have been together since 2006. a little more than a year ago something terrible happened. derek a u.s. army specialist suffered serious injuries while serving in afghanistan. two ied explosions left him in critical condition. and forced him to have both of his legs amputated. the couple stuck together and now thanks to a new jersey jeweler, the two are about to tie the knot. christina and derek join us now. welcome. >> how are you? >> we're great. great to see you guys. >> congratulations. >> thank you. >> let's talk about what a long road this has been for you personally and you as a couple. we mentioned you were the victim of an ied attack. tell us about your injuries. >> july 2011. i lost my left leg completely the worst part was the inection ifs i spent seven months in the hospital battling those. >> you were seven months in the hospital and as soon as you arrived back herance i understand it on u.s. soil you were 53 days in the intensive care unit. and christina, you were by his side. >> yeah. >> the entire ti
derek mcconnell and chris teen that dress ler have been together since 2006. a little more than a year ago something terrible happened. derek a u.s. army specialist suffered serious injuries while serving in afghanistan. two ied explosions left him in critical condition. and forced him to have both of his legs amputated. the couple stuck together and now thanks to a new jersey jeweler, the two are about to tie the knot. christina and derek join us now. welcome. >> how are you? >>...
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Dec 28, 2012
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today the senate majority leader mitch mcconnell said there is still time to work out a deal. however, there is no firm evidence of any real plan. here is what we do know tonight. president obama cutting his vacation short arriving back in washington today. house lawmakers announcing late today they are now planning to return on sunday. but listen to the rhetoric. and you have to question whether that will do any good because near early everything that is coming out of d.c. is about blame. not answers. >> speaker boehner should call members of the house back to washington today. he shouldn't have let them go in fact. they are not here. they are not here. john boehner seems to care more about keeping his speakership than about keeping the nation on firm financial footing. >> harris: a spokesman for john boehner fired back "senator reid should talk less and legislate more." and senate minority leader mcconnell saying we should have worked all this out months ago. >> and republicans aren't about to write a blank check or anything senate democrats put forward just because we find
today the senate majority leader mitch mcconnell said there is still time to work out a deal. however, there is no firm evidence of any real plan. here is what we do know tonight. president obama cutting his vacation short arriving back in washington today. house lawmakers announcing late today they are now planning to return on sunday. but listen to the rhetoric. and you have to question whether that will do any good because near early everything that is coming out of d.c. is about blame. not...
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Dec 28, 2012
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those are the suvs that likely boehner, mcconnell, pelosi and reid will come out of. let's talk about the deal. what if there's a deal, craig, for, i don't know, say 4 hr $500,000 the threshold of who gets taxes and who keeps -- everybody under that number keeps their tax cuts. everyone over pays more and there's spending cuts. is that a bad deal? >> yeah. i think it is. let me tell you why. because you can't get everything out of this deal that you want and frankly, all we're doing is kicking the can down the road. you know as well as i do this does nothing to deal with the $1 trillion plus deficits we have yearly. this is the fifth year in a row, we're going to have $20 trillion worth of debt on top of $48 trillion worth a long-term liabilities by the time mr. obama leaves office. this is the time to deal with this issue. we've been kicking it down the road ten years. we promised the nation in 2011 under the budget deal with the sequesters we would not let this get away from us. we shouldn't this time. for mr. obama to suggest i've cut a trillion in spending because
those are the suvs that likely boehner, mcconnell, pelosi and reid will come out of. let's talk about the deal. what if there's a deal, craig, for, i don't know, say 4 hr $500,000 the threshold of who gets taxes and who keeps -- everybody under that number keeps their tax cuts. everyone over pays more and there's spending cuts. is that a bad deal? >> yeah. i think it is. let me tell you why. because you can't get everything out of this deal that you want and frankly, all we're doing is...
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Dec 27, 2012
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. >> okay, four days to go, you heard from senate minority leader, and mitch mcconnell says we're heading over the fiscal cliff. the panic is just setting in. this is your world. taxpayers are starting to freak out because a half trillion dollars plus tax hit is about to kick in as a deal to avoid the fiscal cliff is no where are in sight and time is running out. we hit the streets to show people this. this graphic shows how big a tax hit you could expect depending on your income no matter where in the country you live. for folks who could soon be forced to pay higher taxes, reality setting in. >> january 1st, that's what your taxes would go up. >> wow. >> wow. >> wow is not wow. >> well, it's going to be somewhere between 8,000 to $12,000, which i don't have. so i'm not looking forward to that. >> we're living paycheck by paycheck. i have five kids and that's going to put us way down in the hole. >> i'm a single income, you've got to be kidding. >> that's a lot of money. >> we need to keep our money in our pockets to help our country first. >> that sucks. i have a lot more better things
. >> okay, four days to go, you heard from senate minority leader, and mitch mcconnell says we're heading over the fiscal cliff. the panic is just setting in. this is your world. taxpayers are starting to freak out because a half trillion dollars plus tax hit is about to kick in as a deal to avoid the fiscal cliff is no where are in sight and time is running out. we hit the streets to show people this. this graphic shows how big a tax hit you could expect depending on your income no...
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Dec 29, 2012
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and then i'm told that mitch mcconnell and harry reid, the democratic leader in the senate jumped in before john boehner really got a chance to fully respond and say, look, we will take the ball and try to pass a bipartisan bill in the senate. the president responded by saying i will give you a day or two but we're running out of time. if you don't get it done in the senate. i want an up or down vote. then he came out and addressed reporters in the briefing room it is clear that the president is only cautiously optimistic that this is going to take a look. take a listen. >> it if there are disagreements they sort through the disagreements. the notion that our elected leadership can't do the same thing is mind boggling to them. it needs to stop. i'm moderately optimistic that an agreement can be achieved. >> the president realizes after weeks of saying no they will get it done at the first time. they realize for the first time we may go off the cliff. harris. >> harris: they do call them experts for a reason the ones telling us this would be coming. >> plan a was basically the dramati
and then i'm told that mitch mcconnell and harry reid, the democratic leader in the senate jumped in before john boehner really got a chance to fully respond and say, look, we will take the ball and try to pass a bipartisan bill in the senate. the president responded by saying i will give you a day or two but we're running out of time. if you don't get it done in the senate. i want an up or down vote. then he came out and addressed reporters in the briefing room it is clear that the president...
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this is spokesperson from senator mitch mcconnell's office. last night the president called senator mcconnell, the first democrat to do so on the fiscal cliff since thanksgiving and other leaders to talk about the need for the senate to act. the leader is happy to review what the president has in mind but to date the senate democrat majority has not put forward a plan. when they do members on both sides of the aisle will review the legislation and make decisions on how to best proceed, end quote. this is a serious back and forth. let's get some perspective. chief congressional correspondent mike emanuel is live for us in washington. a short time ago, another key lawmaker did not sound very optimistic, mike. >> reporter: harris, you would be right. that would be senate majority leader harry reid. seemed kind of irritated that house republicans and all house members are not here in washington trying to work out a deal on the fiscal cliff. here is more from leader reid a short time ago. >> if we go over the cliff and it looks like that's where we
this is spokesperson from senator mitch mcconnell's office. last night the president called senator mcconnell, the first democrat to do so on the fiscal cliff since thanksgiving and other leaders to talk about the need for the senate to act. the leader is happy to review what the president has in mind but to date the senate democrat majority has not put forward a plan. when they do members on both sides of the aisle will review the legislation and make decisions on how to best proceed, end...
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Dec 29, 2012
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mitch mcconnell is stepping in. can he save the day? super mcconnell. a life report from washington in just moments russia's president vladimir putin trying to settle a score with the united states. we're explain. >> then the oak ridge boys phoning in a very special performance for president george h.w. bush in the hospital. ♪ amazing grace ♪ how sweet the sound. >> clayton: "fox & friends" hour three starts right now. i feel so good after my workout three minutes sitting down. >> clayton: sugary coffee. >> juliet: that's right. >> clayton: you are good for 2012 welcome in to "fox & friends" on this saturday morning. good to see you. >> are you modestly optimistic. the president is. countdown to the fiscal cliff. there are some signs of hope this morning. and it oob thanks to republican senate minority leader mitch mcconnell. peter doocy live in washington with the very latest. peter, i guess they reconvene 1:00 tomorrow which leads them oh tons of time to avert that fiscal cliff you are hearing from administration officials down here that republica
mitch mcconnell is stepping in. can he save the day? super mcconnell. a life report from washington in just moments russia's president vladimir putin trying to settle a score with the united states. we're explain. >> then the oak ridge boys phoning in a very special performance for president george h.w. bush in the hospital. ♪ amazing grace ♪ how sweet the sound. >> clayton: "fox & friends" hour three starts right now. i feel so good after my workout three minutes...
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Dec 23, 2012
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. >> chris: he would say i have tried and you had mitch mcconnell say in 2010 our number one objective is to make him a one term president. how much is he responsible for that? how much is it everybody else in washington? >> i don't blame simply the president. i think there is plenty of blame to go around. i would say this. we need to stop blaming. you can't fix the problem while you are fixing the blame. i have trained leaders literally all around the world for the last the 30 years and one of the things i teach leadership is leaders accept the responsibility or accept the blame and give away the credit and i see a lot of politician doing the exact opposite. you spell blame b-lame. every time you blame you are being lame. i fish they would stop fixing blame and fix the problem. >> chris: newtown is going to color everything about the rest of this condition. we still look forward to christmas. do you have a message for all of us, myself, all of our viewers this year, sir? >> yeah, you know, chris, the purpose of christmas is actually found in the three statements that the angels made a
. >> chris: he would say i have tried and you had mitch mcconnell say in 2010 our number one objective is to make him a one term president. how much is he responsible for that? how much is it everybody else in washington? >> i don't blame simply the president. i think there is plenty of blame to go around. i would say this. we need to stop blaming. you can't fix the problem while you are fixing the blame. i have trained leaders literally all around the world for the last the 30...
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Dec 30, 2012
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now we're talking about reid and mcconnell and the senate. has john boehner been deemed powerless by the developments and what the house voted and did not vote on that million dollars threshold? >> well, i don't know that i'd say powerless because if it does pass the senate he becomes quite powerful, but he's definitely on the sidelines on this president, and that may be just as well, quite frankly because i have to say if you bet on boehner and obama getting into a room together and making a deal, you'd have lost a lot of money over the last couple of years. on the other hand, when reid and mcdonnell, the two senate leaders get into a room together, they somehow seem to be able to find an accommodation. i think there's much more for compromise with the senate leaders. let them make a deal, i'm sure reid is talking to the president and conversely, mcconnell is talking to boehner what they can go for, but probably to have the actual deal making going on between the two senate leaders. >> dave: chris, i want to say farewell, last time i'll chat
now we're talking about reid and mcconnell and the senate. has john boehner been deemed powerless by the developments and what the house voted and did not vote on that million dollars threshold? >> well, i don't know that i'd say powerless because if it does pass the senate he becomes quite powerful, but he's definitely on the sidelines on this president, and that may be just as well, quite frankly because i have to say if you bet on boehner and obama getting into a room together and...
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obama, speaker of the house john boehner, house minority leader nancy pelosi, harry reid and mitch mcconnell. can they make a deal or can they do their jobs or is this just more political drama? >> we want an agreement. >> the count down is midnight. the start of a new year. >> we are going over the cliff because frankly i believe it's what the president wants. >> the american people are waiting for the ball to drop, but it's not going to be a good drop. >> but we have no takers. >> every republican, every democrat ought to be here. >> the phone never raining. >> they should negotiate a plan. they shouldn't have the mine are in plan, they should have the biglan. >> here we are five days from the new year, and we might finally start talking. >> the republicans are sitting there with a nuclear weapon. they have the debt ceiling coming up. they can use that as part of this negotiation. >> what is going on here? >> the president called me and probably called others last night. my impression is he would like to see if we can move forward. >> you can't legislate with yourself. >> the breaking news
obama, speaker of the house john boehner, house minority leader nancy pelosi, harry reid and mitch mcconnell. can they make a deal or can they do their jobs or is this just more political drama? >> we want an agreement. >> the count down is midnight. the start of a new year. >> we are going over the cliff because frankly i believe it's what the president wants. >> the american people are waiting for the ball to drop, but it's not going to be a good drop. >> but we...
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mitch mcconnell, who will be attending a white house meeting told us a few moments ago that we are always the running out of time. chairman max baucus, the democrat says that he thinks this will fiscal cliff matter comes down as one white house meeting two hours from now. another top senate republican said a short time ago that he was calling on president obama to lead. >> the president is not a senator anymore. he's a president. just as president reagan worked to deal with tip o'neill and bill clinton and president eisenhower, we need leadership on not just taxing rich people, but we contact them and it wouldn't help the medicare fiscal cliff. greg: others are skeptical, noting that high-profile meetings are for show often times and all about tactics. we expect the president will try a stopgap measure extending middle-class tax rates, extending unemployment benefits for some 2 million americans, do some small spending cuts now, but not entitlement reform. an ally of the white house and the house of representatives offered this. >> this is not for show. it is a last-ditch effort by the pr
mitch mcconnell, who will be attending a white house meeting told us a few moments ago that we are always the running out of time. chairman max baucus, the democrat says that he thinks this will fiscal cliff matter comes down as one white house meeting two hours from now. another top senate republican said a short time ago that he was calling on president obama to lead. >> the president is not a senator anymore. he's a president. just as president reagan worked to deal with tip o'neill...
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and the minority leader, mcconnell's support in order to move a deal in the senate. so, i hate to say it. i'm not terribly optimistic we will not drift off the fiscal cliff here. >> heather: after the rejection of speaker boehner's plan b, by his own party, which included a tax hike for millionaires, what might such a deal look like? and do you think it is possible? >> you know, i agree with bill. i think the action definitely shifts to the senate now. i share the president's optimism that he expressed in his friday press conference that i think they can come back and get a deal. look, when you actually look at the numbers on this, they are not far apart as the president said, and they are about $60 billion or so, per year apart and that is something that can be easily overcome, i think the challenge for both parties, is the deal they are talking about, right now is the 2.2, to $2.4 trillion range and when look at what economists say is necessary, they are looking at a deal in the the 3 to $4 trillion range and, so i think the challenge now is going -- can the partie
and the minority leader, mcconnell's support in order to move a deal in the senate. so, i hate to say it. i'm not terribly optimistic we will not drift off the fiscal cliff here. >> heather: after the rejection of speaker boehner's plan b, by his own party, which included a tax hike for millionaires, what might such a deal look like? and do you think it is possible? >> you know, i agree with bill. i think the action definitely shifts to the senate now. i share the president's...
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Dec 28, 2012
12/12
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FOXNEWSW
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okay, dave, there are five guys, four guys, pelosi, boehner, reid and mcconnell, along with president obama, who might want to watch this segment. how did you do it in warren county, ohio? >> well, we try to keep it simple. me and two others don't think this government stuff is all that hard. hard is being out of a job and not being able to make your mortgage payment. hard is having a sick child. running a government and living within your means, not hard. so really the folks in washington should try to put aside some of their own petty concerns and say, let's be a statesman. let's step up and try to do what's right for the country. >> eric: how did you do it? did you raise taxes? looks like you have a projected $20 million reserve fund for next year. how? explain how did you it. >> yes. essentially we try -- we're 220,000 person county outside of cincinnati, home of great corporate citizens like procter & gamble and others. we got king's island, western southern tennis tournament is housed in warren county. what we trio do is foster environment where people and businesses want to com
okay, dave, there are five guys, four guys, pelosi, boehner, reid and mcconnell, along with president obama, who might want to watch this segment. how did you do it in warren county, ohio? >> well, we try to keep it simple. me and two others don't think this government stuff is all that hard. hard is being out of a job and not being able to make your mortgage payment. hard is having a sick child. running a government and living within your means, not hard. so really the folks in...
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Dec 30, 2012
12/12
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KGO
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democratic harry reid and republican mitch mcconnell. they're working on a mini-deal that would prevent a tax increase for roughly 98% of american workers. extend unemployment benefits that are set to expire for some 2 million people. and prevent a huge cut in payments to medicare doctors. what took so long? >> the american people are watching what we do here. obviously, their patience is already thin. this is deja vu all over again. >> reporter: the 11th-hour effort to get a deal comes after the president met with the congressional leaders at the white house. it was his first such meeting in six weeks. even as mcconnell and reid come to an agreement, there's no agreement it will pass before the end of the year. the agreement represents what the president says is the bare minimums. extending tax cuts while doing nothing to curb spending or address the long-term deficit crisis. if they fail to pass a mini-deal, virtually everybody's income taxes will go up. and even if the income tax cuts are extended virtually all workers are due to see
democratic harry reid and republican mitch mcconnell. they're working on a mini-deal that would prevent a tax increase for roughly 98% of american workers. extend unemployment benefits that are set to expire for some 2 million people. and prevent a huge cut in payments to medicare doctors. what took so long? >> the american people are watching what we do here. obviously, their patience is already thin. this is deja vu all over again. >> reporter: the 11th-hour effort to get a deal...
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540
Dec 29, 2012
12/12
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KGO
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mitch mcconnell and harry reid have agreed to spend the next 24 hours trying to come to a bipartisan agreement on a smaller fallback plan to keep at least some taxes from going up. after the meeting, house democrat leader nancy pelosi told us she's at least a little encouraged. >> it was constructive. as i say, candor is constructive, and i think it moved us forward, but we'll see. >> reporter: it was the first meeting with the president and all the congressional leaders in six weeks. it follows an impasse that has shaken wall street, the dow down more than 400 points since talks stalled last week. and on main street, business owners like drew greenblatt, who owns a wire basket manufacturing company in baltimore, say the coming fiscal cliff is already causing pain because they just don't know what will happen to their taxes. >> right now we're doing our budget. we're deciding how many people we're hiring next year. we're figuring out how many robots and machines we'll invest in our factories. >> reporter: and across the country all the political bickering had people outraged with was
mitch mcconnell and harry reid have agreed to spend the next 24 hours trying to come to a bipartisan agreement on a smaller fallback plan to keep at least some taxes from going up. after the meeting, house democrat leader nancy pelosi told us she's at least a little encouraged. >> it was constructive. as i say, candor is constructive, and i think it moved us forward, but we'll see. >> reporter: it was the first meeting with the president and all the congressional leaders in six...
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Dec 29, 2012
12/12
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KPIX
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. >> reporter: for the first time, republican leader mitch mcconnell described himself as hopeful and optimistic. ptime had a good meeting down at the white house. we are engaged in discussions, the majority leader and myself nd the white house, in the hopes that we can come forward as early as sunday and have a makemendation that i can make to my conference, and the majority leader can make to his conference. r: teporter: the progress came as members on both sides were growing doubtful congress could get anything done before the deadline. .ebraska democrat ben nelson: >> if we don't have a deal within the next 24 hours, the question is, where do you buy a parachute? it looks like we'd be going over we cliff. >> reporter: but leader reid had this warning about the shape of iddeal to come. >> everybody, whatever we come te with is going to be imperfect and some people aren't going to ren' it. some people will like it less, but that's where we are. >> reporter: up until now, reid and mcconnell have kind of been sitting on the sidelines as the ndesident and speaker boehner tried but fail
. >> reporter: for the first time, republican leader mitch mcconnell described himself as hopeful and optimistic. ptime had a good meeting down at the white house. we are engaged in discussions, the majority leader and myself nd the white house, in the hopes that we can come forward as early as sunday and have a makemendation that i can make to my conference, and the majority leader can make to his conference. r: teporter: the progress came as members on both sides were growing doubtful...
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Dec 30, 2012
12/12
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KPIX
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senate minority leader much mcconnell tried to sound upbeat. going to get a deal today sir? >> hope. so. >> reporter: house speaker boehner came to the capitol but left without comment. issue number one in the talks is amending the bush era tax cuts, which if unchanged will expire and raise taxes on all americans. starting tuesday, the average tax hike will be three to 5% per person. >> let's keep taxes exactly where they are on the first $250,000 of everybody's income. >> reporter: the president campaigned to increase taxes only on families making more than $250,000 per year. almost two weeks ago, the president offered a compromise to raise taxes only on income above 400,000, hoping that might win republican support. >> i have gone at least halfway. >> reporter: the senate is also negotiating an extension of unemployment benefits for some 2 million jobless americans, without a deal those checks will stop next week for this mother of five who has been searching for work since february. >> if congress does not extend the unemployment benefits, then i would be without a home a
senate minority leader much mcconnell tried to sound upbeat. going to get a deal today sir? >> hope. so. >> reporter: house speaker boehner came to the capitol but left without comment. issue number one in the talks is amending the bush era tax cuts, which if unchanged will expire and raise taxes on all americans. starting tuesday, the average tax hike will be three to 5% per person. >> let's keep taxes exactly where they are on the first $250,000 of everybody's income....
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Dec 22, 2012
12/12
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KQED
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now it does go to the senate where harry reid and mcconnell can try to come to some, you know, functional su render for republicans and kick the cannon a lot of other issues and see if that can pass in the next ten days am buts that still has to pass the house. and so i think the chances of backing off of the cliff are higher than they ever have been. >> you know, i listened to some of these recalcitrant house republicans today, mark. and they were saying, i was to the going to vote for a tax increase when my constituent was never have gone along with that. >> well, i think there are two realities, here, judy. first of all there's a lot of republicans, more than a few democrats who are terrified of one thing, that's being primary, primary opponent without going to run on your right if you are a republican. on your left if you are a democrat. it's really become a problem for republicans. because this has been an article of faith that said before it is since 1990 that any republican in the house or the senate voted for a tax increase on capitol hill. any republican. now of the 2 41 republic
now it does go to the senate where harry reid and mcconnell can try to come to some, you know, functional su render for republicans and kick the cannon a lot of other issues and see if that can pass in the next ten days am buts that still has to pass the house. and so i think the chances of backing off of the cliff are higher than they ever have been. >> you know, i listened to some of these recalcitrant house republicans today, mark. and they were saying, i was to the going to vote for a...